Bitcoin Mining

Bitcoin mining is the process by which new bitcoins are created and transactions are verified and added to the blockchain network. It involves powerful computers solving complex mathematical problems to secure the Bitcoin network and maintain its decentralized nature. Individuals, companies, and even specialized mining pools participate in this process, known as miners. These miners play a crucial role in ensuring the integrity and security of the Bitcoin network. As the number of bitcoins in circulation is limited, mining also serves as a means of distributing new bitcoins. Miners are rewarded with newly minted bitcoins for their computational efforts and the energy they contribute to the network. Bitcoin mining has evolved over time, with the advent of more efficient hardware and the rise of mining farms. These farms, often operated by companies, leverage economies of scale to maximize their mining capabilities. Additionally, mining protocols and algorithms have been developed to adapt to the increasing computational power and maintain the network's stability. Crypto exchanges facilitate the trading of bitcoins, allowing miners to convert their earned bitcoins into traditional currencies or other cryptocurrencies. This dynamic ecosystem of people, companies, protocols, and blockchain networks collectively contribute to the functioning and growth of Bitcoin and the broader cryptocurrency market.

Opinion

Why Bitcoin Mining Is a Matter of National Security

Buying and holding bitcoin (BTC), the asset, is not what gives people power over the Bitcoin network.

By Ben CaselinApr 4, 2022

Opinion

Por qué la minería de Bitcoin es una cuestión de seguridad nacional

Comprar y mantener Bitcoin (BTC), el activo, no es lo que le da a las personas poder sobre la red Bitcoin .

By Ben CaselinApr 4, 2022

Opinion

Perché il mining Bitcoin è una questione di sicurezza nazionale

Acquistare e detenere Bitcoin (BTC), l’asset, non è ciò che dà alle persone potere sulla rete Bitcoin .

By Ben CaselinApr 4, 2022

Opinion

Чому майнінг Bitcoin є питанням національної безпеки

Купівля та зберігання Bitcoin (BTC), активу, не дає людям влади над мережею Bitcoin .

By Ben CaselinApr 4, 2022

Finance

Digihost Becomes First Publicly Traded Miner to Offer Bitcoin Dividend Payments

The miner also expects a 1.5 exahash per second (EH/s) of average hashrate for 2022, which is about 5.5x more than its 2021 mining power.

By Aoyon AshrafApr 4, 2022

Finance

Bitcoin Miner PrimeBlock Plans to Go Public With $1.25B SPAC Merger

The deal is expected to close in the second half of this year.

By Aoyon AshrafApr 1, 2022

Crypto mining machines. (lmstockwork/Shutterstock)

Finance

CleanSpark Aims to Be Among Top Bitcoin Miners With Up to 500MW Expansion

The deal with Houston-based Lancium will give CleanSpark a mining hashrate of 10.4 EH/s by spring 2023.

By Aoyon AshrafMar 31, 2022

Solar panels on a CleanSpark client's roof. (Danielle Nazareno/CleanSpark)

Markets

Market Wrap: Cryptos Mixed as Volatility Fades; Analysts See Risk of Selling Pressure

Traditional safe-haven assets declined on Tuesday as Russia-Ukraine tensions eased, but some indicators point to a pause in the risk-on rally.

By Damanick Dantes, Angelique ChenMar 29, 2022

Tech

Bitcoiners Scoff at Chris Larsen's $5M Campaign to Force a BTC Code Change

The Ripple executive and allies at Greenpeace assume that all it takes for a fundamental change to bitcoin's code is getting 50 firms and core developers on board.

By Eliza GkritsiMar 29, 2022

Ripple Executive Chairman Chris Larsen (Ripple)

Tech

Bitcoiners zombam da campanha de US$ 5 milhões de Chris Larsen para forçar uma mudança no código BTC

O executivo da Ripple e aliados do Greenpeace presumem que tudo o que é necessário para uma mudança fundamental no código do bitcoin é conseguir a adesão de 50 empresas e desenvolvedores Core .

By Eliza GkritsiMar 29, 2022